Sample report for the“Software Services” sector– illustrates what the finalreport will look likeSecure Now Insurance Broke...
Summary•   The survey will help CFOs/HR heads make critical decisions on designing    their “employee benefits” program re...
Profile of survey respondents       Employee Size              Type of Employee Benefits offered                          ...
How much should I spend per employee        on health insurance?           Spend vs. Sum Assured comparison             Co...
Which company should I prefer and why?         Industry preference mix                  Comments explaining               ...
What share of salary costs should I allocate toInsurance?  Insurance as a % of total salary costs             <2%     2-5%...
What benefits should I offer?  % of companies offering the specified benefit                              Parents    10%De...
Does my group size have a bearing on my cost?                                         Industry cost-benefit by size       ...
Should I introduce employee co-pay?                Industry claim experience vis-à-vis employee co-pay              140%  ...
Who is my ideal “buying partner”?                             Satisfaction with various buying partners                   ...
Which company will provide better                                servicing?                              Satisfaction rati...
Thanks!Do send us an email with your comments /  suggestions or if we could help you with                  anything.      ...
Upcoming SlideShare
Loading in …5
×

SecureNow Employee Benefit (Group Health) Survey Sample Report

1,552 views
1,337 views

Published on

This is a sample report of the Employee Benefit bench-marking survey conducted by SecureNow Insurance Broker.

You need to fill the survey to get free access to the actual full report.

The survey can be accessed at: http://goo.gl/nHL3R

Published in: Business, Economy & Finance
1 Comment
0 Likes
Statistics
Notes
  • Be the first to like this

No Downloads
Views
Total views
1,552
On SlideShare
0
From Embeds
0
Number of Embeds
470
Actions
Shares
0
Downloads
13
Comments
1
Likes
0
Embeds 0
No embeds

No notes for slide

SecureNow Employee Benefit (Group Health) Survey Sample Report

  1. 1. Sample report for the“Software Services” sector– illustrates what the finalreport will look likeSecure Now Insurance BrokerPrivate Limited3rd Floor, 29 Hauz Khas Village, New Delhi 110016Tel : +919958499711 (m), 011 – 64560999 (l)Email : corporate@securenow.in,Web : www.securenow.in
  2. 2. Summary• The survey will help CFOs/HR heads make critical decisions on designing their “employee benefits” program relating to Group Health Insurance. These aspects would revolve around two key themes: – Design a cost-efficient program through relevant benchmarking – Provide increased benefits to Employees and convenience to Program Administrators• In the sample report, we have illustrated select questions that will be answered through the survey. These are: – How much should I spend per employee on health insurance? – Which company should I prefer and why? – What share of salary costs should I allocate to Insurance? – What benefits should I offer? – Does my group size have a bearing on my cost? – Should I introduce employee co-pay? – Who is my ideal “buying partner”? – Which company will provide better servicing?
  3. 3. Profile of survey respondents Employee Size Type of Employee Benefits offered Critical Illness >1500 <100 10% 10% Group Life Group Personal500-1500 Accident 30% 100-500 Group Health 50% 0 50 100 150
  4. 4. How much should I spend per employee on health insurance? Spend vs. Sum Assured comparison Company Industry Overall Market 5 4.5 4 3.5 3 2Average spend per employee Average sum assured per employee (Rs. Thousands) (Rs. Lakhs)
  5. 5. Which company should I prefer and why? Industry preference mix Comments explaining dominance of certain companies 9% Insurance Company 1 10% Market feedback on Insurance select companies Company 2 Insurance Distinguishing aspects 23% 58% of certain companies Company 3 OthersNote: The above is not indicative of market share but indicates popularityof certain Insurance companies in our research sample
  6. 6. What share of salary costs should I allocate toInsurance? Insurance as a % of total salary costs <2% 2-5% >5% 2 2 3 2.4 4.4 1.8 4.3 3.5 2.5Company Industry Market
  7. 7. What benefits should I offer? % of companies offering the specified benefit Parents 10%Dependents Spouse + Kids 40%Coverage Only Spouse 30% None 20% OPD 10%Add-on Pre-existing diseases 40%benefits Maternity cover 30% New Born baby cover 20%
  8. 8. Does my group size have a bearing on my cost? Industry cost-benefit by size 700Average spend per employee 600 500 400 300 Group Size 200 100 0 0 2 4 6 8 Average sum assured
  9. 9. Should I introduce employee co-pay? Industry claim experience vis-à-vis employee co-pay 140% 120% 100%Claim Ratio 80% 60% 40% 20% 0% 0% 10% 20% >20% Employee Co-pay Note: Employee co-pay indicates the proportion of total claim amount that Employee has to bear out-of-pocket. This is introduced generally to instill cost prudence with employee
  10. 10. Who is my ideal “buying partner”? Satisfaction with various buying partners 6 5Satisfaction rating 4 3 2 1 0 From a company Through a company Through a broker representative agent Buying partner
  11. 11. Which company will provide better servicing? Satisfaction rating of Insurance Companies 6 5Satisfaction rating 4 3 2 1 0 Insurance Company 1 Insurance Company 2 Insurance Company 3 Insurance Company
  12. 12. Thanks!Do send us an email with your comments / suggestions or if we could help you with anything. corporate@securenow.in

×